READING FOOD PANTRY INC (EIN 923196662) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2022

Legal Domicile

Principal Officer

SEAN TESORO

Phone

7819448486

Tax Period

2024-07-01 to 2025-06-30

READING FOOD PANTRY INC, founded in 2022, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $594K in total revenue in fiscal year 2024. Revenue grew 20% year-over-year, indicating healthy expansion. Expenses of $543K left a modest 9% surplus.

Mission

THE READING FOOD PANTRY AIMS TO ADDRESS THE FOOD AND PERSONAL CARE NEEDS OF OUR NEIGHBORS THROUGH HIGH-QUALITY, RESPECTFUL SERVICE IN A WELCOMING ENVIRONMENT, WITH A GOAL OF ENHANCING WELL-BEING IN OUR COMMUNITY.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $580,409

Program Service Revenue $0

Investment Income $13,850

Other Revenue $0

TOTAL REVENUE $594,259

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $36,000

Program Expenses $497,566

Other Expenses $542,797

TOTAL EXPENSES $542,797

Year-over-Year Comparison

	2024	2023	Change
Revenue	$594,259	$495,499	+0.2%
Expenses	$542,797	$498,621	+0.1%
Net Income	$51,462	$-3,122	-17.5%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

100

Governance Policies

✓ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SEAN TESORO	PRESIDENT	1.00	Officer Director	$0	$0	$0
HAROLD TORMAN	TREASURER/CLERK	4.00	Officer Director	$0	$0	$0
JOSEPH YOUNG	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
ANNE BAYNES	DIRECTOR	1.00	Director	$0	$0	$0
MOIRA MCGOLDRICK	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS SORIA	DIRECTOR	1.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$594,259	$542,797	$454,377	$51,462
2024	$495,499	$498,621	$402,915	$-3,122
2023	$338,430	$290,149	$406,037	$48,281

READING FOOD PANTRY INC